Charles Schwab Investment Management Inc. Raises Stake in Darling Ingredients Inc. $DAR

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Darling Ingredients by 1.4% in Q1, owning over 1.1 million shares valued at approximately $34.8 million.
• Darling Ingredients reported a net income miss in its latest quarterly earnings, with an EPS of $0.09 compared to the consensus estimate of $0.12.
• The company's stock has a current market cap of $4.90 billion and has experienced significant institutional investor ownership, accounting for 94.44% of the company’s shares.

Charles Schwab Investment Management Inc. lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,114,704 shares of the company's stock after purchasing an additional 15,305 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.70% of Darling Ingredients worth $34,823,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DAR. Heck Capital Advisors LLC purchased a new position in Darling Ingredients during the 4th quarter worth $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in Darling Ingredients during the first quarter worth about $30,000. Hexagon Capital Partners LLC raised its holdings in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after purchasing an additional 500 shares in the last quarter. UMB Bank n.a. raised its holdings in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

NYSE:DAR traded up $2.9580 during mid-day trading on Friday, hitting $34.7780. 5,291,981 shares of the company's stock traded hands, compared to its average volume of 1,992,435. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The firm's 50 day simple moving average is $35.16 and its 200 day simple moving average is $33.71. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a market cap of $5.50 billion, a PE ratio of 52.69 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DAR shares. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Piper Sandler cut their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. began coverage on Darling Ingredients in a research report on Wednesday. They issued an "overweight" rating and a $43.00 price objective for the company. Baird R W cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.57.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the transaction, the chief executive officer owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.62% of the company's stock.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.